18 Dec

Final TPP signed, but still a long road ahead

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Trade ministers signed the final Trans-Pacific Partnership yesterday, but the deal is far from complete.The TPP includes 12 Pacific Rim and trade representatives gathered in Auckland, New Zealand in early February to sign the final text of the TPP. Now the member countries have to each approve the trade agreement, which will likely not happen until well after this fall’s presidential election for the United StatesMany agricultural groups celebrated the progress with TPP but recognized there is still a long way to go.“After five years of negotiations, we are pleased to see the Trans-Pacific Partnership agreement take another step forward today. The National Corn Growers Association supports the Trans-Pacific Partnership because it would give America’s farmers and ranchers greater access to some of the world’s fastest-growing economies. This agreement is good for both corn farmers and our friends and partners in the livestock industry. We all want to see more American grains, meat and dairy on dinner tables around the world,” said Chip Bowling, NCGA president. “This agreement will strengthen America’s influence in the Asia-Pacific region and set the tone for future international trade agreements, such as with the European Union. By supporting TPP, Congress can send a powerful message: the United States will lead on trade. That’s why NCGA members will be going to Capitol Hill in the coming months, asking Congress to vote in favor of the Trans-Pacific Partnership agreement in 2016.”In addition to the NCGA, the American Farm Bureau, National Cattlemen’s Beef Association, American Soybean Association, National Association of Wheat Growers, and the National Pork Producers Council, among others, firmly support the TPP and will be pushing for its completion. There will likely be a tough fight for TPP supporters ahead, though, as Congress considers the deal while presidential politics dominates the nation’s political landscape in the coming months.Even within agriculture there are significant concerns about the U.S. trade balance with the deal.“TPP is modeled after the failed deals of the past, and it is destined to fail,” said Roger Johnson, president of the National Farmers Union. “Those past deals worsened America’s trade deficit, did nothing to stop our foreign competitors from cheating the system, and failed to live up to a long list of promises.”Once signed by the Administration, TPP will eventually be delivered to Congress for a debate and an up-or-down vote without amendments. Johnson and NFU members in all 50 states are urging Congress to take its time during the examination process and to ultimately reject the deal.“The more people learn about TPP, the more they dislike it,” Johnson said.  “It’s soft on enforcement, it fails to reign in predatory trade practices abroad, and it does nothing to improve America’s trade balance.”last_img

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